INF Goes Live On Jupiter Lend
We completed a landmark INF integration with Jupiter Lend this month, launching INF-SOL and INF-USDC vaults.
Supply crossed $12M in under 24 hours, and the integration has contributed heavily to INF's October growth that saw AUM rise from $298 million to over $360 million.
https://x.com/sanctumso/status/1973762872661655803?s=20
Since launch, we've had to raise caps several times to keep up with demand for INF on the platform.
Sanctum Quarterly - Q3
This month, we published our second Sanctum Quarterly report, giving everyone transparent access to our company's revenues, product progress, and more.
Key highlights:
- INF - Outperformed JitoSOL by 28% and mSOL by 20% (over approx. 50 epochs)
- AUM - 13.52M SOL (+10% QOQ)
- Rev - $1.86M (+66% QOQ)
- $CLOUD MC - $56.66M (+50% QOQ)
Get the full update (and subscribe!!) - https://sanctum.so/quarterly
Work At Sanctum
We've started a new batch of hiring.
We ship non-speculative, value-creating products and play the long game.
View open roles - https://www.notion.so/igneouslabs/Sanctum-Job-Board-2855ad7a7e64809598f6ed152a5f844f
CLOUD-6 Proposal Fails
DeFiance Capital's proposal to acquire CLOUD from the community reserve marked our first-ever OTC proposal and set the precedent that CLOUD holders control not just the ability to emit CLOUD, but also sell it for USDC (i.e., CLOUD holders have more power over community reserve management).
CLOUD-6 became our highest-participation vote ever, ultimately failing to pass.
As a team, we've taken several key learnings away from the process, and also feel strongly that the vote represented a positive signal, with one of the world's most well-respected crypto funds demonstrating confidence in Sanctum by voicing its desire to buy CLOUD in size.
→ Sanctum Forecast #24: CLOUD-6 with FP & Eugene from DeFiance Capital
→ CLOUD-006: Should Sanctum sell 13.7m CLOUD to Defiance Capital?
→ Jaye: My personal thoughts on CLOUD-6
October's Sanctum LST Launches
Picks From Albus' Library
October 10 Debrief: INF Stabilizes LST Depegs, Notches 26.12% Epoch Return
"In times of market stress when demand for SOL and LST swaps spikes, INF’s true superpower is most visible, with the system providing significant outperformance for INF holders and much-needed liquidity to the entire Solana LST economy."
Read - https://sanctum.so/blog/october-10-debrief-inf-stabilizes-lst
- : : [SOLANA ORIENTAL]: A New Hub for Collaboration for the Solana Builder Ecosystem
- James Hanley Blockmedia interview
- James Hanley Solana Downunder interview
- “There's truly no point in holding $SOL instead of $INF”
- What happened to INF in epoch 866?
- Beyond yield, INF plays a crucial role as shared exit liquidity for all Sanctum LSTs
INF Nearly Cost Me My Job
"But what I quickly realized was actually that INF wasn't necessarily directly competing, but complementing existing (and future) LSTs."
Read - https://sanctum.so/blog/how-infinity-inf-creates-positive-sum-yield-on-solana
